Cemacon | Romania Feed

Building materials producer Cemacon says 2023 brought, for the second year in a row, a significant contraction of the market it operates on, mainly amid slowing housing sector. Nevertheless, the company made further investments and plans to continue to do so.

Romania’s Competition Council is looking into a transaction whereby Cemacon SA, part of Paval Holding Group, seeks to acquire the company Euro Caramida SA.

Entrepreneurs Adrian Paval and Dragos Paval, owners of DIY chain Dedeman, have transferred the 73% stake Dedeman owned in brick manufacturer Cemacon to their investment vehicle Paval Holding.